Currency Converter

Currency Converter



Tuesday, September 26, 2023

FOMC Preview

Today’s is the sixth of eight scheduled policy meetings in 2023. After ten straight interest rate hikes beginning in March 2022, the Federal Open Market Committee left the federal funds target unchanged at this year’s  June meeting but implemented an 11th increase at the subsequent meeting eight weeks ago. Compared to the pandemic low range […]

* This article was originally published here

Monday, September 25, 2023

Next week’s menu: September 23-29, 2023

Central Banks: In addition to the release of Bank of Japan Board meeting minutes, monetary policies will be reviewed in the Czech Republic, Colombia, Mexico, Hungary and Thailand. Special Event: In the coming final week of the third quarter and U.S. fiscal year, market attention will become increasingly focused on efforts to avert a government […]

* This article was originally published here

Tuesday, September 12, 2023

Pound Euro Exchange Rate News: GBP/EUR Fluctuated amid Stronger-than-Expected UK Wage Growth

Pound (GBP) Boosted by Persistently Tight Labour Market The Pound (GBP) found modest success against most of its rivals on Tuesday in the wake of strong labour market data. Against expectations of an uptick in unemployment, and modest wage growth, the data surprised to the upside and pointed to a hotter-than-expected...

* This article was originally published here

Saturday, September 9, 2023

Softer Dollar as 2Q U.S. Growth Is Revised Slightly Lower

The dollar fell overnight by 0.7% against sterling, 0.4% relative to the euro, 0.3% against the Mexican peso, and 0.2% versus the loonie, Swiss franc, kiwi, and Aussie dollar. Alternatively, the greenback strengthened 0.8% against the Russian ruble and 0.6% against the Turkish lira. Equities around the world are narrowly mixed. U.S. corporate profits last […]

* This article was originally published here

Wednesday, September 6, 2023

Pound Australian Dollar (GBP/AUD) Exchange Rate Slumps amid Surprise RBA Rate Hike

Pound Australian Dollar (GBP/AUD) Exchange Rate Slumps amid Surprise RBA Rate Hike The Pound Australian Dollar (GBP/AUD) exchange rate cratered on Tuesday, following a surprise interest rate hike from the Reserve Bank of Australia (RBA). At the time of writing, GBP/AUD traded at around AU$1.8639, a fall of just...

* This article was originally published here